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| Company type | Public (K.K) |
|---|---|
| TYO:8601 TOPIX Large 70 Component | |
| Industry | Investment banking |
| Founded | 1943; 82 years ago (1943) |
| Headquarters | Tokyo,Japan |
Key people | Hibino Takashi (President andCEO) |
| Products | Financial services Investment banking Investment management Brokerage firm |
| Total assets | $196.7 billion (2015)[1] |
Number of employees | 14,889 (at March 2022) |
| Subsidiaries | DC Advisory |
| Website | www |
Daiwa Securities Group Inc. (大和証券グループ本社,Daiwa Shōken Gurūpu Honsha) is a Japaneseinvestment bank that is the second largestsecurities brokerage afterNomura Securities.[2]
Major subsidiaries includeDaiwa Securities, which offers retail services such asonline trading to individual investors and investment banking services in Japan, as well asDaiwa Capital Markets, the firm's international investment banking arm (with a presence across Asia, Europe and North America) that providesM&A advisory, sales and trading services in a variety of financial products to corporate and institutional clients. Other group companies provideasset management, research andprivate equity fund services.
The company is the fourth largest shareholder inSL Green Realty.[3]
The company was founded in 1999 as Daiwa Securities SB Capital Markets Co. Ltd., a joint venture between Daiwa Securities Group (Daiwa) and Sumitomo Bank (SB). It was renamed in 2001 to Daiwa Securities SMBC Co. Ltd., after Sumitomo Bank merged with Sakura Bank on 1 April 2001 to form Sumitomo Mitsui Banking Corporation (SMBC), a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG). However, in 2010, SMBC acquired Nikko Cordial (Japan's third-largest brokerage at that time).
Following this step, Daiwa dissolved the joint-venture with SMBC and re-acquired 100% of the shares in the company, before renaming it again as Daiwa Securities Capital Markets Co. Ltd. Finally, about two years later, the company was absorbed in a merger, leaving Daiwa Securities Co. Ltd as the sole entity.[4]
In May 2009, Daiwa acquired thecorporate finance division ofClose Brothers Group. In 2010, it was renamed to DC Advisory and now acts as the corporate finance arm of Daiwa.[5]
In July 2012, Daiwa Securities Group was chosen by theCentral Bank of Myanmar to spearhead a $380-million project designed to develop an IT network for the Myanmar government that would connect all ministries as well as schools and hospitals to a cloud computing system and would also entail a secure online banking system for the country.[7]
In December 2024, Daiwa Securities announced its aims to raise wages by 5% to attract new talents to its company. The initiative is expected to begin by April, 2025.[8]
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